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When will the Hong Kong Securities Regulatory Commission be established? Which administrative department in Hong Kong is regulated?
With the entry into force of the Securities and Futures Commission Ordinance, the Hong Kong Securities Regulatory Commission was established in May. 1989. The Securities and Futures Commission is an independent statutory body responsible for supervising the operation of Hong Kong's securities and futures markets. The Securities and Futures Commission Ordinance has established a new regulatory framework for the Hong Kong market. 1997 after the Asian financial turmoil, the authorities took further measures to improve the regulatory system. In the following years, the Securities and Futures Ordinance and nine other regulations related to securities and futures were merged into the Securities and Futures Ordinance, which came into effect on April 1 2003. The Securities and Futures Ordinance and its subsidiary legislation have expanded the authority of the Hong Kong Securities Regulatory Commission, enabling it to conduct supervision in a more in-depth and comprehensive manner.

In order to ensure that the securities and futures industry in Hong Kong maintains the highest level, the Hong Kong Securities Regulatory Commission issues financial service licenses, including securities trading, futures contract trading, leveraged foreign exchange trading, providing securities advice, providing institutional financing advice, listing consultation on the Stock Exchange of Hong Kong (investment banking services), securities guarantee financing, asset management and credit rating services. Brokers or fund companies stationed in Hong Kong mainly apply for or obtain the license number 1. No.2 license, No.4 license, No.6 license and No.9 license, so at present, many domestic counterparts consult Hong Kong on the transfer of asset management license, stock exchange license, futures contract trading license and institutional financing license (investment bank license transfer). The Hong Kong Securities Regulatory Commission stipulates that only people and companies that meet the relevant qualification standards can enter the industry, and they must abide by the Securities and Futures Ordinance and the relevant subsidiary regulations governing intermediaries. Success Power Investment Consulting Co., Ltd. can assist in applying for and obtaining various types of licenses. The mission of the Hong Kong Securities Regulatory Commission is to promote the integrity and stability of Hong Kong's securities and futures market, so the intermediary departments responsible for licensing and supervising intermediaries play an important role in it.